In the night between Tuesday to Wednesday, Donald Trump was elected president of the United States of America. This election was not without impact on the course of global exchanges.
As a mesure of result of election, step by step, stock markets began to fall. Around 8:15 GMT, the CAC 40 lost 1.6% to 4,404.98 points. In Frankfurt, the DAX leaves 1.8% in London after losing 0.5%, the FTSE is raised before 10:00 GMT. The EuroStoxx 50 index of eurozone lost 1.8%, the FTSEurofirst 300 1.3% and the Stoxx 600 1%. This situation is similar to the circumstances following the referencum on Brexit. However, observers indicated that this time the consequences may be more severe and longer than after the Brexit.
The largest declines were in the field of motor vehicles (-2.7%) and banks (-2.2%). The only sectors on the rise are the basic resources (+ 0.7%) and health (+ 2.6%).
While stock markets were falling down, the shelters like government bonds, precious metals, the Japanese yen were spirited highly by buyers. “Financial markets react as if the four horsemen of the Apocalypse had arisen from Trump Tower,” said Sean Callow, in charge of strategy at Westpac currency after the increase in the value of gold of 4.7%
Now we can only say, “make the stock market great again!”
Augustin Donnadieu IEJ 3F groupe 2